Australian wool auctions continued the drift downwards this week as a few negative impacting market factors aligned to dampen any hopes of an immediate turn around. As a result, a disappointing 19 acents clean/kg was eliminated from the AWEX EMI (Eastern Market Indicator), just managing to hold onto 4 figures at 1001 acents clean/kg. The positive activity remained in play on all the better style and tested wools within the finer Merino categories, although the auction prices were largely maintained, rather than forging ahead as the past two weeks have witnessed. All other wool types suffered as a result of the weak Merino fleece sentiment and comparative narrowing of the price levels, and all segments recorded losses to varying degrees.
Click here to access AWI's Wool Market Weekly Report (pdf 463Kb).